The third-largest BTC whale has just acquired over 2,700 coins as the market tries to recover from the dip. Of course, the price of $50,000 each. Soz this makes it a massive over 5,600 BTC acquired by the entity within the past two weeks.
Notably, within the last few days, BTC prices sees a massive correction to as low as $42,000 on Saturday.
More so, the whale is just relatively silent during the dip without making any purchases. Then, immediately BTC begins to recover, touching the $50,000 mark today, then the whale starts accumulating. Currently, The whale has 2,702 coins at an average price of $50,621, indicating spending about $140 million for it.
So, according to CryptoQuant’s analyst, VentureFounder, the whale has 5,624 bitcoins since November 22nd. Of course, which worths $290 million at current prices.
Notably, VentureFounder confirms this is “officially the highest number of bitcoin ever held in this wallet: 118,017,”
Of course, seeing this whale has cost around $2.5 billion.
Also, The former record was in July this year, when Bitcoin fell below $30,000.
“You already bought 8,117 #BTC in the low $50k since the November correction,”
“BTC dumped <$50k suddenly, what do you do? The 3rd largest #Bitcoin whale wallet:”
“BUY 2,702 more BTC in one day.”
“This #whale wallet added 2,702 $BTC today at $50.6k for a whopping total of $136.7M USD.”
pic.twitter.com/BlbcgpKbrR — venturefoundΞr (@venturefounder) December 7, 2021
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